Oil and Gas Industry Latest News

11.02.2011 Slavneft, Yaroslavl Region Sign Cooperation Agreement for 2011

Yuri Sukhanov, President of ОАО NGK Slavneft and Sergey Vakhrukov, Governor of the Yaroslavl region, signed the Additional Cooperation Agreement which determines the key areas and parameters of interaction aimed at development of the region social sphere in 2011.

27.01.2011 Upcoming IPO in London Could be a Catalyst for TMK

Chelyabinsk Pipe, one of Russia’s largest pipe producers, has announced that the offer price range for its IPO on the LSE will be $3.5-4.6/share and GDR, implying a market cap (post issuance) of around $2.0-2.7 billion.

21.01.2011 Russian Export Duties for Oil Products May Be Adjusted to 66 Percent of Crude Duties Beginning in April

The export duty on oil products could be set at 66 percent of the duty on crude across the board beginning in April 2011, State Secretary and Deputy Russian Finance Minister Sergey Shatalov said, RBK reports.

15.12.2010 Kazakhstan To Allocate Over 48 Billion Tenge To Develop Subsoil Base

Meeting on Tuesday, the Kazakhstan government approved a program to develop its subsoil industry from 2010 to 2014, Interfax-Kazakhstan reported.

14.12.2010 Russian Crude Export Duties May Be Set to Rise Again

The export duty on Russian crude could rise to $316-319 per ton, or $12.20-15.2 more per ton than the current rate of $303.80 per ton, Vslukh reports.

08.12.2010 Gazprom Marketing & Trading and Trans Wonderland Sign MOU on CDM Projects

Trans Wonderland Limited, an exclusive provider of transport and logistics services to Papua New Guinea's new LNG project (PNG LNG) coming on stream in 2014, and Gazprom Marketing & Trading, Gazprom Group's energy commodities trading company, have signed an exclusive Me

26.11.2010 Banks Prepared To Finance Nord Stream 50 Percent Over Needs

Banks' interest in financing a 2.5 billion euro credit line for the operator of the Nord Stream gas pipeline has exceeded expectations by 50 percent, the company reported in a news release.

19.11.2010 Further Increase in Russian Gas Extraction Tax Possible Says Finance Minister

Russia could possibly increase its gas mineral extraction tax (MET), whilst potential for boosting oil MET is exhausted, Finance Minister Alexei Kudrin said on Frid

17.11.2010 Nord Stream Passes Half-Way Mark for Line

Nord Stream has now completed over half of the first of its two 1,224 kilometre gas pipelines through the Baltic Sea.

16.11.2010 Gazprom Neft Enters Into Agreement to Join Cuban Project

Gazprom Neft today announces that it has signed a Transfer Agreement and a Joint Operating Agreement with Petronas, the Malaysian state-owned oil and gas com